Mothercare plc (MTC) Given “Sell” Rating at Berenberg Bank
Berenberg Bank reiterated their sell rating on shares of Mothercare plc (LON:MTC) in a research report sent to investors on Thursday morning. Berenberg Bank currently has a GBX 100 ($1.22) price objective on the stock.
A number of other research analysts also recently weighed in on the company. Numis Securities Ltd reiterated a buy rating and set a GBX 165 ($2.01) price target on shares of Mothercare plc in a report on Wednesday, November 30th. J P Morgan Chase & Co lowered their target price on Mothercare plc from GBX 180 ($2.19) to GBX 150 ($1.82) and set an overweight rating on the stock in a research note on Friday, November 25th. Finally, Peel Hunt lowered their target price on Mothercare plc from GBX 275 ($3.34) to GBX 150 ($1.82) and set a buy rating on the stock in a research note on Thursday, November 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of GBX 170.80 ($2.08).
Shares of Mothercare plc (LON:MTC) traded up 0.42% during midday trading on Thursday, hitting GBX 120.50. The company had a trading volume of 332,768 shares. The company’s 50 day moving average is GBX 111.65 and its 200 day moving average is GBX 121.76. The firm’s market cap is GBX 205.81 million. Mothercare plc has a one year low of GBX 101.25 and a one year high of GBX 224.00.
About Mothercare plc
Mothercare plc is a retailer for parents and young children. The principal activity of the Company is to operate as a specialist omni-channel retailer, franchisor and wholesaler of products for mothers-to-be, babies and children under the Mothercare and Early Learning Centre brands. The Company’s operating segments include the UK business and the International business.
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